§ 13-294. Annual adjustment of additional exemption.

Latest version.

Commencing January 1, 2001, the twenty thousand dollars ($20,000.00) annual income limitation in this article shall be adjusted annually, on January 1 by the percentage change in the average cost-of-living index in the period January 1 through December 31 of the immediate prior year compared with the same period for the year prior to that. As used herein "index" shall be the average of the monthly consumer-price index figure for the stated twelve-month period, relative to the United States as a whole, issued by the United States Department of Labor.

(Ord. No. 1999-109, § 1, 11-23-99)

                    
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